★ Digitalcoin(DGC) Discussion & Info thread - Organic Growth since May 2013! ★

[cosmoo]

Digitalcoin (DGC) is a scrypt based coin launched May 2013 by developer Baritus. It has since been adopted by the community who keep the client updated in accordance with the ever-changing environment afflicting crypto. DGC had an open, stable launch with no premine/instamine, with PoW rewards properly scaled to keep things fair for everyone. Currently, the price behind DGC is an accurate reflection of the amount of interest vested in it.

• Visit the main ANN thread to learn more about DGC
• Visit the official forums
• Join the official facebook page, where it occasionally rains DGC
• Follow the official twitter account
• Visit IRC to get in direct contact with the community (it's always active!)

This thread is for general discussion of Digitalcoin. Please help us gain rapport for DGC while we organize goals the community should work towards. Post your thoughts, opinions, ideas, whatever it is you think will help DGC become more prominent within the crypto scene!

What makes DGC so special?
(Note, this is the opinion of cosmoo only, please criticize me if you disagree)
To put it bluntly, DGC has only ever experienced honest, organic growth in network, userbase, and market. There has never been any behind-the-scenes manipulation by the creators or even (apparently, to me) 3rd party whales; at this point coins are distributed enough that anyone looking to control DGC (as most instamined Proof-of-Stake coins are) would have to invest significant time and money, with a poor chance at succeeding. This is sloppy analyzing but take a look at the data provided by the CryptoID block parser (the ! breaks the link, copy+paste it into your browser):

https://chainz.cryptoid.info/dgc/#!rich
Look at the green portion of the pie chart, that represents the amount of DGC in circulation that belong to all addresses under the top 1,000. This is effectively how 'healthy' the distribution of the coin is; more coins in more hands = fairer distribution = more accurate market price. Also note that there are 50k addresses with DGC in them, which shows how far DGC has spread among people. Now, lets take a look at an ongoing pump-n-dump coin, VeriCoin:

https://chainz.cryptoid.info/vrc/#!rich
You'll see that the green portion of their chart accounts for only 0.6% of the coins in circulation, with only around 6k addresses created. With so many coins in so few hands it's easy for whales to dominate the market. As long as they can hold a solid majority of the coins they can buy the price up along with hype (ie the coin gets a new 'feature' or whatever) and sell into it, then pick off large buy orders as they appear at the inflated price. This isn't investing, it's gambling, there are no solid fundamentals here and unless you're the whale behind the coin you will be left in the dark as to what's really happening with the market.

Next, lets take a look at what I think to be a dying pump-n-dump, DarkCoin.

https://chainz.cryptoid.info/drk/#!rich
The green portion of their pie chart is much bigger, why? Because it's already 'spent' as far as the pump-n-dump process goes. DRK has been at an inflated price for so long the original, consolidated coin supply has leaked beyond whale's abilities to reclaim it. 21.5% of the current supply, in 30,000 different addresses. If a market manipulator is interested in pushing the price up, they'll have to recollect the DRK in all those addresses. Without the rampant manipulation that pumped the price up so high in the first place, DRK is doomed to deflate over the next few years. Perhaps if those 30k people abandon it the chance of getting re-pumped increases, however it seems to me whales have already taken their profit and moved on to another coin.

The final point that reveals this whole scheme is the relation between the number of coins in circulation and the market capitalization.  Check it out:

VeriCoin:
Coins Outstanding: 26,865,297
Market Cap: $1,397,839
Total # of addresses: 5618

DarkCoin:
Coins Outstanding: 4,688,976
Market Cap: $13,505,041
compared to other altcoins this is ridiculous, do you seriously believe there's $13m backing DRK?
Total # of addresses: 30819

digitalcoin:
Coins Oustanding: 17,224,561
Market Cap: $208,553
Total # of addresses: 50304

Now which coin do you think will be a better investment in the long run? It's plain ludicrous for a coin that experiences instant volatility to be lauded as a trustworthy alternative to Bitcoin, unless losing money is your thing. DGC recently floored at 1500 satoshis. Nowhere to go but up from here

For anyone interested in learning more about how coins and their markets are manipulated, this article does a great job explaining it: http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#the_difference_between_the_early_adopters_of_bitcoin_and_the_new_alts

Now get involved and help us grow!
As it stands DGC can go anywhere, we're just waiting for you. Here's what the community is up to now:

Current Events:

• Digitalcoin is being updated to include Multi-Algo hashing using SHA256, Scrypt, and X11. Rewards will also be reduced by 66%. Read the ANN (link above) for more details.
• Foundation president kenel will be representing DGC at the Hashers United conference in Las Vegas!

Promotional Assistance:

• Bump this thread and help us reach out to the Bitcointalk audience!
• Tip DGC on reddit utilizing our custom tip bot provided by /u/ThinkThrough

Topics to debate:

• Is merge-mining an acceptable method to retain respectable hashrate?
  - Pros: Would bolster the network strength enough to be taken seriously by major payment processors such as PayPal.
  - Cons: Would effectively 'lock' us into the opinions of all the ASIC owners in the world, making it harder to push an update to the client.
  
• What is the ideal mint rate for DGC? How many coins should be released every month?
• Thoughts on Proof-of-Stake? Note: PoW rewards WILL be kept for as long as possible, as it's the best way to ensure fairness in coin distribution.

This thread will get updated over time as the community consolidates, so please join in and let us hear your thoughts!

[cosmoo]

Here is a compilation of services that have begun accepting Digitalcoin. If you know of any post them in this thread and I'll add them to the list, be sure to include a 1-2 sentence description to make it easier to categorize.

Any suggestions on how this list should be formed are welcome, right now I'm simply putting the link with a simple description of services, could add logos and whatnot if this gets popular.

-- Payment Services --

https://www.coinpayments.net/supported-coins
Been around a long time, quite reputable. Need help integrating crypto into your business? Contact these guys!

-- Gift Cards, Airtime, Scratchcards --

http://cryfter.com/
Wide selection of gift card codes including Amazon, fast food chains, mobile phone airtime, MMO subscriptions, and more. Prompt delivery, good reviews.

-- Webhosting --

http://briehost.com/
Domain registry and VPS services, well liked with good reviews.

http://ceuservers.net/
Physical servers for rent.

http://in-disguise.com/
VPN services, check out their thread on these forums.

https://www.simrai.com/
VPS services, specifically for gaming and voicechat.

-- Misc --

http://coinverted.com/shop/
Decent selection of goods, including higher-end electronics, gift cards, and some precious metals.

http://btcpipeshop.com/
Small selection of exotic carved pipes.

http://www.cryptosextoys.com/
Sex toys for crypto! Reputable store that's been around for quite some time.

http://byodpc.com/
Pre-built desktops guaranteed not to suck! Also sells unlocked smartphones, run by user DGCbread on these forums.

http://ablogaboutnothinginparticular.com/?product_cat=security-defense
Security & Defense goods, run by user commandrix, check this thread.

-- Faucets --

http://multifaucet.tk/index.php?faucet=DGC
Free .05 DGC every day.

https://qoinpro.com/
Sign up to receive a bundle of free cryptocurrencies daily.

[cosmoo]

Mining Pools
Pushpool
• PoolerRangers
  - Official DGCF pool
• The Blocks Factory
• CryptoPools
P2pool
• Xpool

Digitalcoin Nodes

Nodes will be updated with wallet release
addnode=54.208.77.156:7999
addnode=184.175.17.23:51670
addnode=218.186.33.201:52094
addnode=190.77.216.173:55213
addnode=72.223.10.73:63654
addnode=seed1.nocsoft.de:7999

For more nodes click here.

[techbytes]

Thanks for this thread.

There will be a fund raising effort for the foundation where there will be matching donations up to 100k DGC.  Stay tuned...


-tb-

[r32godzilla]

Cool new thread! DGC price holding nicely at the moment and some good projects and development in progress including the upcoming V3 update which includes multi-algorithm support.

[cosmoo]

Still full of hope about this shitcoin ? What will be the new goals of this coin anyway ?

I posted about it in the OP, DGC is going to be updated to a multi-algo scheme as introduced by MyriadCoin (testing on that is already completed), and rewards will be reduced by 66% to help reduce sell pressure and bring interest to our market. A member of the DGC community is also interested in using the op_return function in Bitcoin as a timestamping service, the challenge with that is figuring out a way to keep the function open to everybody without having assholes bloat our chain with nonsense. We could also debate whether or not merge-mining/Proof-of-Stake are things to work towards. Our efforts are for the long-term prosperity of DGC, not quick profit grabs, though most of the loyal followers/developers were buying DGC at 1500 satoshis

Could you explain to me how DGC is a shitcoin?

[Tsquared]

Still full of hope about this shitcoin ? What will be the new goals of this coin anyway ?

Could you explain to me how DGC is a shitcoin?

Do we really need an explanation? Our goal of building the economic value of Digitalcoin is pretty simple, and not dissimilar from the goal of most currencies. These questions should be posted in about 300 other threads, but they are really kind of inappropriate here.

TT

[TinEye]

Organic growth
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

[Tsquared]

Organic growth
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

Are we looking at the same charts?

http://imgur.com/CCkwcFy

Digitalcoin has suffered tremendously, but since the takeover by the DGC Foundation, it's been coming back nicely, and this is just the beginning of its long road back.

TT

[cosmoo]

Organic growth
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

nope, we floored off at 1500 sats. say what you want but our market cap isn't dipping below $100k, at the very least the people in the community are going to be buying it. lowering the rewards in our next update will pretty much solidify this against future swings in BTC. we're trying to advertise DGC as much as possible before we do so people will have a chance to mine for the current reward.

i'll admit i have no idea what to call it, 'organic growth' seemed appropriate given how frankenstien pump-n-dump alts are. Honest coins that aren't ICO/Instamine/Insta-PoS garbage are making a comeback.

Also Tsquared, DGC hasn't really suffered any more than most altcoins that hadn't purposefully manipulated their price from the start.

[kenel]

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

[Hilux74]

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

Nowhere to go but up after Baritus crashed it to the ground...then through the bedrock...then downward through a few copper mines...then past the crust and into the magma.  Now maybe it has passed beyond the Earths' center and can come out the other side...

[RealKruncha]

all's looking good, i hope dgc can carry on being one of my favourites

(i was the member formerly known as Kruncha, but some twat hacked me) - 2fa i say

K.

[kenel]

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

Nowhere to go but up after Baritus crashed it to the ground...then through the bedrock...then downward through a few copper mines...then past the crust and into the magma.  Now maybe it has passed beyond the Earths' center and can come out the other side...

Are you saying we actually successfully dug a hole to China?

[r32godzilla]

Digitalcoin went to the low 0.00001's and has been low enough for quite a while which allowed alot of people to pickup some DGC extremely cheap. It has now almost tripled in value and has been holding quite nicely around 0.00003 BTC.

We are building a very strong foundation and community and with these upcoming updates and projects its all looking alot more positive. Really looking forward to seeing where we can take Digitalcoin with this resurgence. Interesting times ahead.  

[techbytes]

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

Nowhere to go but up after Baritus crashed it to the ground...then through the bedrock...then downward through a few copper mines...then past the crust and into the magma.  Now maybe it has passed beyond the Earths' center and can come out the other side...

Are you saying we actually successfully dug a hole to China?

Considering most of DGC volume is on btc38, I would say yes...   


-tb-

[kenel]

I saw this earlier today and it reminded of Baritus and DGC.

~BCX~


http://youtu.be/M15U22bWeas?t=31s

Who plays what character?

Also someone is Wesley Snipes?

[newuser01]

why do you even bother with this obvious scam coin?

pick any out of the 10000000000 other coins and go with that instead..

dead coin is dead.

[samson]

baritus is still around and offers to help out, he just can't be public anymore because of the shit he gets for being honest.

Interesting, as this is different from what the DGC Foundation was saying a couple of weeks ago.

So DGC is admitting that Baritus is still around but the DGC Foundation is simply trying to hide that fact by misdirection.


All Baritus had to do to put the whole issue to rest was simply post the the public addresses of the "stolen" wallet.

He refused because he knows that if he post the address from his account he can no longer deny that was the correct address.

Baritus sold those coins for about $30,000 and if he post the addresses, it will be proven.



DGC will never recover from "Baritus" till he publicly post the address or the DGC Foundation openly renounce and disassociate themselves from him entirely.



~BCX~

Baritus has gone and has nothing to do with the DGC foundation.

I suspect he will never do anything you ask him to because he considers you a troll so don't count on ever getting a reply from Baritus.

What's your involvement / continued interest in DGC anyway ?

[kenel]

So DGC is admitting that Baritus is still around but the DGC Foundation is simply trying to hide that fact by misdirection.

I've invited you on several occasions to see what's going on for yourself in our IRC chat as well as our DGC forum.

Should you have actually taken me up on those offers, which are still valid, you'd realize you're segmenting a single sentence from an entire thought and twisting it for whatever agenda you have in mind (which I still haven't figured out yet completely). 

John Stewart does this quite often, but he actually makes me laugh (despite him and I having opposite political views).

Maybe one day we'll share a beer and laugh about this, but until then, the offer is still valid....see for yourself.

DGC is doing a lot of exciting things with the help of ahmed, xawksow, samson, and all of our foundation members and community.

In fact we'll be testing out the new Windows QT this week/next week, and should wrap up development of DGC3.0 shortly after HashersUnited (which I also invited you to -- ahmed, tsquared, and myself will all be there).

I'm from Chicago where actions speak louder than words, so....on this specific subject....I guess you'll just have to...wait and see.

[kenel]

why do you even bother with this obvious scam coin?

pick any out of the 10000000000 other coins and go with that instead..

dead coin is dead.

Do you write for the Wall St. Journal? This is front page quality WSJ writing here.

This is so insightful and thought out.

Excellent analysis.   

[Shadey]

YAY!!!! DGC making a come back!!! Excited to see what new things this coin has in store for us!!!!

[kenel]

The reason that Baritus will not post the address is because if he comes forward and says that the address is "xyz" and I prove that he moved coins from "xyz" to a verified account in his name and sold them, it 100% outs him for the liar he is. By not posting the address he can always deny any address connecting him to it *is not* the stolen address.

His refusal to post the address, as well as provide any detail on this mystery employee or even how it is that his personal machine could be accessed screams BS.

So, which is it DGC Foundation, is baritus involved or not?

There are two opposite answers from you guys in this thread alone.


~BCX~

The answers you are looking for you will not find from The Digitalcoin Foundation.

What's between you and baritus is between you and baritus.

<kenel>!seen baritus
<Coine1ius>I last saw baritus at 24.09.2014 01:10

We have just as much information as you do....the difference is we're choosing to focus on the positives going on here (which number in the many) instead of beating a dead horse.

Does the above (from IRC) answer your question?

[TinEye]

Organic growth
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

Are we looking at the same charts?

http://imgur.com/CCkwcFy

Digitalcoin has suffered tremendously, but since the takeover by the DGC Foundation, it's been coming back nicely, and this is just the beginning of its long road back.

TT

The value now is nothing compared to 6 months back. It went so low that it was bound to rise a bit at some point.

I don't see the reason to continue with this anyway. Offers nothing new, and its success will just allow the scammers who have robbed to profit more.

[samson]

Organic growth
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

Are we looking at the same charts?

http://imgur.com/CCkwcFy

Digitalcoin has suffered tremendously, but since the takeover by the DGC Foundation, it's been coming back nicely, and this is just the beginning of its long road back.

TT

The value now is nothing compared to 6 months back. It went so low that it was bound to rise a bit at some point.

I don't see the reason to continue with this anyway. Offers nothing new, and its success will just allow the scammers who have robbed to profit more.

Don't use it then. Goodbye.

[TinEye]

Organic growth
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

Are we looking at the same charts?

http://imgur.com/CCkwcFy

Digitalcoin has suffered tremendously, but since the takeover by the DGC Foundation, it's been coming back nicely, and this is just the beginning of its long road back.

TT

The value now is nothing compared to 6 months back. It went so low that it was bound to rise a bit at some point.

I don't see the reason to continue with this anyway. Offers nothing new, and its success will just allow the scammers who have robbed to profit more.

Don't use it then. Goodbye.

Bagholder? Must be feeling very heavy by now.

[samson]

Organic growth
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

Are we looking at the same charts?

http://imgur.com/CCkwcFy

Digitalcoin has suffered tremendously, but since the takeover by the DGC Foundation, it's been coming back nicely, and this is just the beginning of its long road back.

TT

The value now is nothing compared to 6 months back. It went so low that it was bound to rise a bit at some point.

I don't see the reason to continue with this anyway. Offers nothing new, and its success will just allow the scammers who have robbed to profit more.

Don't use it then. Goodbye.

Bagholder? Must be feeling very heavy by now.

Having purchased most of my coins recently I got them pretty cheap.

[Magic8Ball]

DGC will never recover from "Baritus" till he publicly post the address or the DGC Foundation openly renounce and disassociate themselves from him entirely.

Why are you after this? Baritus has long gone after dumping all the DGC to the bottom. Leave the poor holders in peace trying to recover something from their failed investment.

[ButtcoinEXpress]

What's your involvement / continued interest in DGC anyway ?

Don't worry ... he's a pussy

[Vinje]

I'm beginning to see why animals eat their own young. 
fn idiots.  All of you.   Uptight over something that doesn't affect you in the slightest.
If you don't like the coin, fuck off.  Your opinion doesn't matter in the slightest.  Your ego stroking, and threats are fn retarded.
"Yay, look at me, I has a forum gang!  Skeery" 
Dickbag.

[ButtcoinEXpress]

if your dick looks like a bag - something's wrong 

[kenel]

Well things around here just got interesting.

[cosmoo]

Thanks for helping combat the trolls Wolf. Based on his behavior I'd guess BCX has become a FUD puppet for whales, Monero got a heavy shakedown on Poloniex along with his posting of a 'coin-killing' bug found in the CryptoNote scheme. XMR's price is still holding steady though, and BCX hasn't actually done anything to the coin, so I'm pretty suspicious of the guy. He probably just has to make noise to keep his name known, so he can keep getting kickbacks from whales who need to scare the market back into their pockets.

Now... can we please stop obsessing over something that really isn't worth obsessing over? 560k/3% of DGC got dumped on market. Seriously.. that is not something that warrants this much complaining.

The only thing really threatening DGC right now is it's low network hashrate, which we are trying to rectify. Can we please get back on topic? I've outlined two options we could take, merge-mining and turning PoS, I would love to hear some other ideas.

The best plan I can figure is merge mining SHA and scrypt algorithms to BTC and LTC, and giving them minimal block rewards, while leaving the third-algo something that is asic resistant and giving it a majority of the minted coins. This would secure 2/3 of the network through BTC/LTC asics while keeping most of the rewards in the hands of small-time solo miners.

Right now the plan is to swap to multi-algo and see how much hashpower we get from that, if it isn't satisfactory we can look at other options.

[techbytes]

Well, this is true for most of the altcoins so nothing new there. 

BCX, the only reason you have to kill off DGC is baritus.  Why you are so obsessed with him we will never know.  Regardless of what you hear, he is no longer involved in the development of DGC now or in the future.  The Foundation has capable developers to handle any tasks.  If we are ever in need of help, there won't be a shortage of developers out there that we can hire to do the job.  This is why the Foundation goal is to hold one million DGC to pay for future projects.

Baritus is now a member of the DGC community like anyone who belongs to a coin community.  He is free to support the coins he believes in.  To say that he is still involved in the development of DGC now or any time in the future is a false statement. 

So if you still have the interest to kill off DGC, then you have other motivations other than baritus. 
 

-tb-

[kenel]

So a penguin and a farmer walk into a bar.......

And the penguin says....."He's not an eggplant, he's retarded.".......

[cosmoo]

bump

[seleme]

The only thing really threatening DGC right now is it's low network hashrate.

Given this fact, you think taunting is the smart move.


~BCX~

Maybe he just doesn't care anymore about you waiving your dick around. Maybe nobody does.

[techbytes]

DGC network hashrate went over 12GH tonight.  So it's either BCX is now mining it or more multipools are hopping on.


-tb-

[Tsquared]

Never ceases to amaze me how some people consider it an accomplishment if they are able to damage or destroy something. People who think this way are rarely constructive or productive, but instead present their destructive actions as somehow benefiting others. Perhaps this is due to a fear of failure. It takes much more courage and effort to build or create or improve something, and the reward is exponentially greater. I admire the Digitalcoin community for accepting the challenge of rebuilding this coin, and I encourage any critics to join in this effort and contribute some energy toward its success.

Back to the topic...

I have been opposed to merge mining because it has always appeared to me as a sign of weakness. Not enough hashrate, so borrow some from another network. In seeing some of the recent implementations, I'm beginning to have a different opinion. Perhaps I need to understand it better?  Would it be possible to implement the multiple algorithms and merge mine on two of the algorithms (scrypt and SHA256) but not on the third (X11)? I'd really love to see comments on the pros and cons of merge mining, or merge mining across multiple algorithms.

TT

[cosmoo]

Thanks for taking an interest, ideally we need to secure the hashrate indefinitely.. we'll see. I was hoping to start a discourse over merged-mining/PoS but of course the thread gets derailed..

bump, i guess. If you're reading this thread, post something!

[Tsquared]

Thanks for taking an interest, ideally we need to secure the hashrate indefinitely.. we'll see. I was hoping to start a discourse over merged-mining/PoS but of course the thread gets derailed..

bump, i guess. If you're reading this thread, post something!

I little side topic is okay cosmoo. This didn't get completely derailed.

Considering the current wealth distribution, and all personal interest aside, I don't think a move toward PoS would be viewed favorably. 

That said, i would think that adequate hashrate across the three algorithms is very important. I'm curious to know why the switch to multi algorithms will impact the hashrate.

Low hashrate should be fixed when you do your switch. If you still need hash after that, I may be able to drum up a stupid high amount of X11 hash for you, at least for a little bit.

Very decent of you Wolf0. I assume that the possibility of applying X11 hash comes from a desire to help out, and this is admirable. Let me ask...  from your perspective, would it make sense to dedicate a modest amount of hash on a permanent basis? If so or not, what would be the driving factor to encourage folks to do so?  Is this going to be based strictly on the market value of Digitalcoin, or would other considerations apply?

TT

[cosmoo]

There's nothing wrong with proof-of-stake as long as it's implemented slowly over a period of time, PPC is the best PoS coin out in my opinion. You keep PoW rewards to ensure distribution of coins; the weakness of PoS are bagholders that hold more that 50% of the supply. By keeping PoW the foremost method of distribution you circumvent that weakness of PoS.

Really, DGC wouldn't be pure PoS until maybe a decade after its implementation.

Merged-mining is a safer route to take initially, assuming we don't get the hash we hope for in this next update.

[cosmoo]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

[robinwilliams]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

bcx is drinking his troubles away as he watches his wealth dissapear into bitcoins decline

too busy to destroy other peoples coins 

[cosmoo]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Since you asked, The DGC Foundation could answer the following.


1. Does the foundation believe the story of the theft? Ref: https://bitcointalk.org/index.php?topic=514689.0
2. Will the DGC Foundation work with Baritus in the future?
3. If he wanted to be part of the foundation, is than an option for him?
4. Does the DGC want Digitalcoin to succeed?



~BCX~

Those are questions for the Foundation, this thread is just for discussing DGC and how it can be improved.

Besides, you're impossible to talk to BCX. You're completely ignoring the logical points I'm making against your claims, it's pointless to continue discourse with you. I will not aid your campaign to defame a legitimate altcoin.

[Hilux74]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

[samson]

Self moderated threads to keep the trolls out.

[samson]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

Maybe DGC's not for you ?

[cosmoo]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

That's true, but obsessing over one mans development to be the sole fuel for a cryptocurrency's market is absurd, especially when all the active altcoin markets are either the super early adopters (LTC, PPC) or the results of rampant manipulation. Regardless of the initial dev's lack of 'promotional development' DGC has always been a coin with decent standing, there is plenty potential for it to be utilized and that's what the current foundation is trying to achieve. To be blunt, there is continued interest in DGC so there's still good chance something can be achieved with it.

The current price on DGC is an attractive entry point for newcomers, hence this thread. We're not trying to paint ourselves as the next 'solution' in cryptocurrency, plainly WYSIWYG.

[Hilux74]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

Maybe DGC's not for you ?

Great response that furthers the discussion immensely.  Title of the thread is 'DGC discussion' not 'DGC fanboy wank only'.  Maybe you can't understand criticism from someone who mined DGC from Day1.  With the suggestions I have seen you support then DGC will be for nobody soon enough.

Cosmoo asked why not many posts in this thread...my answer was genuine...there are ~500 altcoins and people go from pump to dump to pump to dump with attention spans of days.  DGC hasn't done anything YET to create any attention from either new investors/miners nor has it done anything to win back its original fanbase that left after becoming disheartened that Baritus was just another scam dev like most of the rest. 

How many people have posted in the Elephant Coin (ELP) thread this week?  Most likely noone because out of sight out of mind.  You may have not even known about ELP...just like many people do not know of DGC because it just hasn't been newsworthy.  Actually the fact that BCX is after both Monero and DGC is the ONLY thing that might get you noticed these days (until you actually release real 3.0 news) and is likely going to bring you the most new faces.  You should thank him for the continued attention.   

Do something other than the hints that something is 'coming soon' and you might get some interest. 

[TinEye]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

Maybe DGC's not for you ?

DGC's only for anybody who managed to get a few at the lowest. It will just keep floundering in the lower levels before becoming completely irrelevant.

[samson]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

Maybe DGC's not for you ?

DGC's only for anybody who managed to get a few at the lowest. It will just keep floundering in the lower levels before becoming completely irrelevant.

The price was $0.006 per coin earlier today, that's the lowest I remember seeing it at any time in at least a year.

[TinEye]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

Maybe DGC's not for you ?

DGC's only for anybody who managed to get a few at the lowest. It will just keep floundering in the lower levels before becoming completely irrelevant.

The price was $0.006 per coin earlier today, that's the lowest I remember seeing it at any time in at least a year.

I was talking BTC price.

If I remember correctly, it was almost $1 at some point? Thats got to hurt.

[samson]

bump... cmon i thought bitcointalk was the largest coin forum. speak up ya'll.

Not very many people give a rats ass about DGC anymore since Baritus failed to deliver on his claims time after time.  It will take something big and creative from the new foundation to make people notice it again.  And in my opinion the changes i have seen discussed like changing block reward (again) and changing algo seem more like changes of desperation than changes of innovation..

Maybe DGC's not for you ?

DGC's only for anybody who managed to get a few at the lowest. It will just keep floundering in the lower levels before becoming completely irrelevant.

The price was $0.006 per coin earlier today, that's the lowest I remember seeing it at any time in at least a year.

I was talking BTC price.

If I remember correctly, it was almost $1 at some point? Thats got to hurt.

Yes, Bitcoin used to be $1 each but it was a long time ago

[cosmoo]

It was 80 cents briefly, really no different that what's usual in altcoin markets. Now we're back at a penny, 150k-200k market cap, the foundation alone probably accounts for that much so it's pretty much guaranteed DGC won't be falling below 1500 sats.

[kenel]

So how about some real discusssion on DGC 3.0

What will be better?


~BCX~

BCX, we're working on quite a few things both on the coin itself as well as creating an actual market where the coins can be spent on things other than exchanges for bitcoin/other alt coins.

I'll let the guys in the foundation that are much more technical than I respond to this with those technical aspects...but.....a question for you....

We're open to positive ideas from anyone that would like to contribute as we're still in development....Do you have any suggestions for us?

[cosmoo]

I still think merge-mining with a slow turn towards PoS is the way to go, we can always change the algorithms later on should ASICs get developed for them.

I'd like to get a public opinion on how difficult it may be to change the client if merge-mining is implemented; so long as we're not locking ourselves down we can change whatever we need as time passes. It might be nice to increase the rewards later on too, if the coin gets popular enough it'd provide incentive for people to go along with the update.

[vipgelsi]

these forums suck

This was and still is a good coin and also one of my first i purchased. I sold all my digital coins months ago but i still keep this on my radar. Hopefully they can get there act together the current dev.

[cosmoo]

these forums suck

This was and still is a good coin and also one of my first i purchased. I sold all my digital coins months ago but i still keep this on my radar. Hopefully they can get there act together the current dev.

Thanks for posting! The devs have a working port of the multi-algo swap, a windows executable has to be built and then hopefully we can get a public testnet up sooner or later. Right now believe it or not both the active devs are on vacation, Ahmed_ is in vegas with kenel for the hashers united conference.

Anyway I'm not a dev I just talk to them occasionally, so take what I say with a grain of salt.

Signing on IRC is the best way to know wtf is happening at the very moment
Come talk to us! This channel has never been completely dead, though make sure to wait at least 15 minutes after chatting for a response as is the nature of IRC.

[Rawdawg-]

Looking good, glad I have been buying more!

[Tsquared]

Kenel and I are meeting with Ahmed today/tomorrow in Las Vegas and we'll update folks within the next few days. We also plan on meeting with some other folks to discuss mining and hardware. Hashers United should be a great venue for crypto enthusiasts. We met tonight and had a few beers, and we hope to have a very productive next couple days.

TT

[cosmoo]

Kenel and I are meeting with Ahmed today/tomorrow in Las Vegas and we'll update folks within the next few days. We also plan on meeting with some other folks to discuss mining and hardware. Hashers United should be a great venue for crypto enthusiasts. We met tonight and had a few beers, and we hope to have a very productive next couple days.

TT

Thanks for the update. Take lotsa pictures for us, it'd be great to see what's going on 

[Tsquared]

Kenel and I are meeting with Ahmed today/tomorrow in Las Vegas and we'll update folks within the next few days. We also plan on meeting with some other folks to discuss mining and hardware. Hashers United should be a great venue for crypto enthusiasts. We met tonight and had a few beers, and we hope to have a very productive next couple days.

TT

Thanks for the update. Take lotsa pictures for us, it'd be great to see what's going on 

I don't think I will take pictures.  I'm sitting in a seminar at the moment, but I talked to Marshall earlier and he said all presentations would be available after the show. Also, there are professional photographers here, so should be lots to see very shortly.

Really cool to be here, and one of the most interesting things so far is that Genesis Mining just announced that they will be offering a cloud hash solution where you can switch your hash between SHA256, Scrypt, and X11. Also, you can apply percentages of hashrate across all three. Eventually this will be automated so that hashrate can be switched across the three algorithms based on certain triggers.

More later.

TT

[Tsquared]

I did end up taking some photos after all.  There is a nice thread about our trip on the Digitalcoin forum.

http://forum.digitalcoin.co/threads/1559-Hashers-United-2014-Las-Vegas

TT

[r32godzilla]

Cheers. Nice to see some of our DGCF members attend the Hashers United Conference. Thanks for the info and photos TT!

[kenel]

Cheers. Nice to see some of our DGCF members attend the Hashers United Conference. Thanks for the info and photos TT!

Fun times, thanks to Final Hash for organizing the conference!

[cosmoo]

bump

[Hilux74]

the bump delete bump delete bump by cosmoo is a lame way of trying to stay on page1.  How about releasing some of that 'coming soon' info instead.

[cosmoo]

the bump delete bump delete bump by cosmoo is a lame way of trying to stay on page1.  How about releasing some of that 'coming soon' info instead.

i'm sorry but life is this mundane.

devs are still working on getting a testnet setup. this is volunteer work, not compensated, it'll be ready when they've had enough time to provide a full release. maybe you can bug them in IRC.

[Hilux74]

the bump delete bump delete bump by cosmoo is a lame way of trying to stay on page1.  How about releasing some of that 'coming soon' info instead.

i'm sorry but life is this mundane.

devs are still working on getting a testnet setup. this is volunteer work, not compensated, it'll be ready when they've had enough time to provide a full release. maybe you can bug them in IRC.

Yeah it can be mundane I'll give you that.

Do you know if the foundation has any updates or promotion planned for SRC as well, or just DGC?

[Tsquared]

The Foundation is concentrating on Digitalcoin at the moment, but Argentum and Securecoin are both on the radar. In fact, the Digitalcoin Foundation official mining pool,  poolerrangers.com, is being migrated to a new domain, and will support mining only for DGC, SRC, and ARG.

Most aspects of the V3.0 release have been decided, and much of the work has been done.

An updated QT wallet has been released by xawksow into private beta.

We are constructing a poll to get opinions on block rewards for Digitalcoin. Once the language is decided, we will post publicly to get feedback on multiple forums.

Finally, we are considering a new type of merge mining, and Ahmed is looking at the feasibility. The concept is simple, and a variation of the multi-vPoW standard, but would allow merge mining only by certain coins, not any coin. This is a very interesting concept, and acceptable to the Foundation because it does not put Digitalcoin at the mercy of other coins when it comes to future upgrades.

To the best of my knowledge, selective merge mining has not been done, and Digitalcoin would be the first to implement such a strategy. In preparation for this, we are considering what coins will be authorized to merge mine Digitalcoin, and would love to hear opinions.

TT

[cosmoo]

badabump 

[Tsquared]

Cosmoo, do you have any opinions on the merge mining proposition I described in my previous post?

TT

[cosmoo]

My only concern is having a stable hashrate that can withstand your average mining farm. Most PoW coins could easily be compromised, which guarantees they'll never be taken seriously. Merging with BTC/LTC is the most failsafe solution, though we would essentially be forfeiting domain over DGC to people who have no particular interest in it. We should have at least 20gh/s imo, if that can be achieved through merging with coins like Myriad then I'm happy.

Frankly I think implementing an overall turn to proof-of-stake is a good idea, looking at all these pure pos instamined coins it seems to work well enough.

[Tsquared]

Looking forward to some opinions on the Digitalcoin block rewards.

https://bitcointalk.org/index.php?topic=835931.0

TT

[cosmoo]

Tsquared, I thought it was agreed we'd reduce supply by %66? Or did I miss a meeting?

[kenel]

You missed something

[Hilux74]

bump

Digitalcoin is as alive and vibrant as Tennebrix its looking like.

[cosmoo]

bump

Digitalcoin is as alive and vibrant as Tennebrix its looking like.

if i hadn't made the thread you wouldn't have anything to criticize vote on our reward scheme in Tsquared's thread, or give your opinion on multi-algo or anything else.

[Hilux74]

bump

[cosmoo]

I know everyone else in the DGC community is sick of hearing me say this but I think implementing PoS would be a good move, if we kept PoW rewards for the next decade or so there'd be nothing scammy about it. It seems to be structurally sound, and would definitely give incentive for people to keep interest in holding the coin.

[Tsquared]

PoS is sound, and might be worth considering, but the only conversion to PoS that I've personally followed was rubycoin and that didn't go so well. Perhaps something we could try with Argentum? In fact, with Argentum's higher capacity for data storage in blocks, it would be an ideal coin for samson's work in that area.

With Digitalcoin, I don't think we can reconsider our decisions all the way back to that level. We need to move forward as planned and release Digitalcoin 3.0 in early December and move forward with other projects beyond the technical specifications of the coin.

TT

[cosmoo]

well if it were something to implement we could do it whenever, going full PoS would have to happen after many years. But it seems to be the trend even among altcoins that aren't pump n dumps.

[cosmoo]

bump

[Hilux74]

bump

Maybe its time to rekindle the DGC vs WDC rivalry.  That might liven things up around here.

WDC is for sissies!

[Tsquared]

bump

Maybe its time to rekindle the DGC vs WDC rivalry.  That might liven things up around here.

WDC is for sissies!

It's a shame, but you're right, it seems like drama, insults, and arguements, is what gets attention around here. There were so many critics and haters, and a lot of activity. Now that there's nothing to criticize or complain about, they've all gone to troll elsewhere it seems.

TT

[cosmoo]

what can ya do! fwiw worldcoin has been acting sketchy lately, it has 4x the number of coins minted as DGC yet the price is about the same. has more volume too.

DGC lacks marketing, maybe we should do a PR stunt or something silly.

[Tsquared]

There will be much to promote shortly.

Been watching the progress on V3 and what's really impressive is the way ahmed, xawksow, and samson work together. These guys have amazing talent individually, but what's really beautiful is the way their talents compliment each other's. I really think the V3 release is going to be something special, but more importantly, that's just the beginning!

TT